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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Dale Baker who wrote (15824)	11/18/2002 9:25:22 AM
From: puborectalis	Respond to of 78683

Veritas Software (VRTS ): Maintains 3 STARS (hold) Analyst: Jonathan Rudy Shares are down 12% on news that the SEC has requested information on dealings the company had with America Online in 2000. The transactions in question involve AOL buying $50 million in software and services from Veritas, and Veritas purchasing $20 million in advertising from AOL. S&P thinks the SEC is more concerned with AOL, because a number of questionable transactions have surfaced there, and at this point, S&P has no reason to believe that Veritas was actively engaged in swap transactions. The amount in question is less than 3% of Veritas' revenues.